Form 4: Public Sector Pension Investment Board Acquires 40,057,252 Shares of D-Wave Quantum Inc.
SEC Form 4
Public Sector Pension Investment Board reports acquisition of 40,057,252 shares of D-Wave Quantum Inc. common stock through conversion of exchangeable shares.
Summary
- On January 10, 2025, Public Sector Pension Investment Board acquired 40,057,252 shares of D-Wave Quantum Inc. common stock.
- The acquisition was a result of the conversion of exchangeable shares.
- The exchangeable shares are convertible into common stock on a one-for-one basis at any time for no consideration.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a planned conversion of shares rather than a new investment or strategic shift. It's a procedural event.
Positives
- The conversion of exchangeable shares into common stock simplifies the capital structure of D-Wave Quantum Inc.
Industry Context
This transaction reflects an institutional investor's continued interest in D-Wave Quantum Inc., a company in the emerging quantum computing sector.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Date of transaction: Public Sector Pension Investment Board acquired 40,057,252 shares of D-Wave Quantum Inc. common stock through conversion of exchangeable shares. |
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